Finance & Economy

The IMF expects global GDP to contract by 3% in 2020. Morocco will not be spared, the IMF anticipates a 3.7% recession in the country’s economy. According to an economist, Morocco’s GDP could sign a decline of 5% in 2020. At the World level About $ 9 trillion in cumulative …

The Minister of Industry, Trade and Green and Digital Economy Moulay Hafid El Alamy (MHE) held a meeting this Monday with a representation of the Confederation of Pharmacists Unions of Morocco (CSPM) and the Moroccan Association of Distributors Pharmaceuticals (AMDP). On both sides, several points which have remained unclear for …

Emmerson Plc, a company specializing in mineral exploration, began work on an environmental and social impact study last January for the deposit located in Khemisset. The company is awaiting an operating permit to start operations on the site. The permit is expected to be issued in the second half, they …

The Covid-19 has a strong impact on the industrial sector, but the crisis is also preserving certain branches which have been able to adapt their production. This is the case for many companies which have oriented their activity towards the production of medical equipment (masks, gloves, medical textiles). In a …

Good news for women entrepreneurs in the kingdom in this difficult period marked by the coronavirus. The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union, has in fact decided to strengthen its support for small and medium-sized enterprises managed and owned by businesswomen in Morocco. …

The European Investment Bank (EIB) is supporting the national private sector in the face of the new coronavirus Covid19 pandemic. The financial institution announced on Wednesday support for the private sector, notably through its lines of credit with Moroccan financial institutions, whose outstanding amount to date stands at 440 million …

The Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy, reassured about the availability of masks on the Moroccan market and displayed its optimism about a possible export with regard to production and the smooth running of the market supply operation. “In 3 days, there will be …

The Covid-19 crisis forced the Kingdom to use the IMF’s Precautionary and Liquidity Line (PLL). To cope with the shock, Morocco proceeded on April 7, 2020 to draw on the PLL for an amount equivalent to nearly $ 3 billion. The latter is repayable over a period of 5 years, …

Glovo announces the signing of a partnership with the leader of mass distribution in Morocco Marjane. Glovo thus continues its responsible commitment to support Moroccans during the confinement period, and now ensures home delivery of everyday consumer products from Marjane, such as fruit & vegetables, bakery, dairy products, groceries, and …

S&P has just confirmed Morocco’s investment grade rating. The country keeps the rating “BBB- / A-3”, with a stable outlook. Moody’s had recently maintained the sovereign rating at Ba1-stable. Rating agencies believe in Morocco’s ability to rebound quickly after the health and economic crisis linked to the coronavirus. “The stable …